Published Date : 31 Oct 19 | Views: 100 | Industry : Electronics & Semiconductor
Demand for Relay to Increase in Automotive Industry with
Increased Vehicle Electrification
Based on application,
the global relay market is segmented into household appliance, communications,
industrial, automotive, and others. Buyers of the report are also provided with
exhaustive analysis of product type segments of the global relay market such as
combined relay, SSR/power module, electromagnetic, and others. Printed circuit
board-mount SSR is capable of replacing traditional panel-mount SSR and finds important
application in portable dialysis machines. The automotive industry is expected
to create demand for relay due to increasing electrification of automobiles.
SSR of plug-in type is used in several automotive applications, including door
lock, electrically heated catalytic converter, pump, and motor.
Relay Manufacturers Expected to Show Interest in China
Market due to Low Costs
The US and
Europe are anticipated to create demand for relay on the back of key positive factors
such as rising adoption, increasing competition, introduction of new products,
increased retrofitting with new relays, and high sales on household appliances.
China could attract relay manufacturers in future because of its lower labor
and raw material costs. High automobile production, increasing significance of
electronics in the automotive industry, and increased manufacturing of electric
cars in China and Japan are predicted to boost the demand for automotive relay
in Asia Pacific.
Players Expected to Improve Technology to Introduce
Products with Better Functionality
The report
offers thorough assessment of the market growth of leading players of the
global relay market such as Omron, Ningbo Huike, TE Connectivity, Qunli
Electric, Panasonic, Tianyi Electric, Fujitsu, Songle Relay, Teledyne, Hu Gong,
ABB, Schneider Electric, Delixi, Eaton, Chint Electrics, Honeywell, Ningbo
Forward, Fuji Electric, Sanyou, Sharp, Song Chuan, Rockwell Automation, Hongfa,
Finder, and Hella.
Application of High Current Rating SSR in Energy
Infrastructure Likely to Strengthen Demand
The global relay market is expected to benefit from growing use of solid state relay (SSR) with high current rating in applications such as machine tools, conveyor systems, and elevators. High current rating SSR also finds application in energy infrastructure and building equipment. Demand for SSR could increase in key end-use industries due to its compactness, long operating life, shock resistance, and high switching frequency. High use of consumer electronic products such as kitchen appliances is anticipated to push forward the requirement for electromechanical relay. Demand for automotive relay could improve as the use of electric components continues to increase rapidly in existing and upcoming automobiles.
For more
information, please click: https://www.qyrconsulting.com/reports/relay-market